Friday, 23 May 2008

Euribor 12 Month, heading to 6%?

Maybe 6% seems unrealistics, but so was 100$ oil price 2 years ago... time has changed, the easy credit or begnin inflation is gone but bear in mind we are not going to witness the 1970's Finnish central bankers mistakes. Today we have the ECB, and he has been very clear in the past few month on his mandate: "Fighting inflation" meaning higher rates if needed to bring back inflation in check (i.e around 2%).

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